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3 votes
Accepted

Stability vs profit maximisation

Stability is a very broad subject, and in general, has nothing to do with profit maximization. Obviously, the results vary from model to model, and it is possible that in a specific model profit ...
BakerStreet's user avatar
  • 4,047
3 votes

Why are Mixed Strategy Nash Equilibria special cases of Correlated Equilibria and Coarse Correlated Equilibria?

Formally, a NE is indeed a different mathematical object than a CE. But, roughly speaking, the probability distribution on outcomes generated by a NE is a CE. This is what is really meant when saying ...
VARulle's user avatar
  • 7,044
3 votes
Accepted

Difference between Nash equilibrium and Pareto Efficiency

I wouldn't say Nash equilibrium is broader than Pareto-efficiency I'd say its different. As all know the sole Nash equilibrium in the Prisoner's dilemma is not Pareto-efficient and the three Pareto-...
Grada Gukovic's user avatar

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